Enrique Abeyta of HX Research rejoins the podcast to discuss his (constructive) views on the stock market, why commercial real estate concerns are overdone, and to provide one stock pick -- and it's not Nvidia, though he does discuss that at some length.
This podcast episode was recorded Friday, March 20, 2024 and is being made available exclusively to premium subscribers at this time. A free preview is available to free subscribers.
Some mature language is used at a few points. Sensitive listeners should be advised.
Content Highlights
Trends are underrated. Many investors don't respect them or understand what they mean. The current trend is clearly long-term bullish for stocks (2:00);
However over the short term there could (probably will) be a pull back (5:03);
On the whole, however, the outlook is very constructive. So constructive that the guest has only seen this clarity 10 times or less in his 30-year career (12:08);
When it comes to the Federal Reserve, there is a strong possibility interest rate policy stays roughly the same... (15:02);
Cotrarian take: there's no need to worry about commercial real estate: (18:27);
Regional banks presented an opportunity a year ago. New York Community Bancorp (NYCB 0.00%↑) is not an opportunity now (23:20);
Views on Nvidia (NVDA 0.00%↑): not super constructive (25:27);
One long term idea: Independent power producer Talen Energy ($TLNE) owner of a nuclear power plant. The company recently emerged from bankruptcy (31:59).
Listen to this episode with a 7-day free trial
Subscribe to Contrarian Investor Premium to listen to this post and get 7 days of free access to the full post archives.
